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on capitol hill. a disappointing announcement has some investors asking what's left to like about facebook. plus, a push for more transparency in corporate america. and, filmmakers shoot for a better business scene in china. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. i'm angela miles. it's wednesday, january 16th. in today's first look: apple crunch: for a second session, apple weighed down the nasdaq in a dramatic fall. this week the tech stock has erased more than $17 billion from the u.s. stock market. well, here it is: facebook has a new way to search its site. "that" was the big announcement. a new report says a deal to take dell private could be revealed in a couple of weeks. the price could range between $13.50 and $14 per share. customer service agents at american airlines rejected a union's offer to represent them. the bid fell short by just 150 votes out of nearly 6,000 workers. andrew keene, president of keeneonthemarket.com, joins us now for a closer look at the trading day. good to have you o
criminal. >> tonight, a day in the life of shock jock alex jones. >>> the new facebook. an exclusive look behind the scenes as facebook launches a brand-new feature that might transform the world's biggest social network. >>> knitting behind bars. we show you what happens when two retirees head to prison to teach the virtues of needles and yarn.(kxañ;ñ;x;x;x$x >>> from new york city, this is "nightline" with cynthia mcfadden. >> good evening, i'm cynthia mcfadden. tonight we begin with america and its guns, as president obama prepares to announce his sweeping plan to curb gun violence tomorrow, across the country millions have already rushed out to buy a record number of new guns. and one man who thinks that's a very good thing, radio shock jock alex jones. he made national headlines last week with a fiery pro-gun tirade that quickly went viral, and that's not all he's got to say. here is abc's dan harris. >> reporter: are you for hitler or against hitler? whatever they say is the opposite. they never tell the truth. >> reporter: tonight as millions of americans worry about the governm
. >> facebook. obviously waiting for the announcement in a matter of moments. we'lls to it to power lunch. what will they unveil. that begins now. >> we have, scott, actually two major breaking stories right now. facebook about to make the aforementioned major announcement. we're inside the headquarters. that's screen left for you. screen right, ahman javers on the president's gun control plan. >> a few moments ago james carney told those in the meeting room the president and vice president will hold their event tomorrow. carney saying that the president and the vice president will be joined by children from across the country who wrote letters in the wake of the shootings at sandy hook. carney also saying he's not going to reveal details at this point over what's going to be in that legislation. so we'll have to wait and see what this package ask going to contain but it contains legislation that would need to be passed on capitol hill. >> amon with the announcement. >>> let's go across the country to facebook at menlo park. they've been drumming it up, and we're waiting and watching and waitin
. facebook wants you to think graphical. the social networking powerhouse takes the wraps off a new way to track your friends. >> susie: i'm susie gharib. good evening. what does that new tool mean for facebook investors? we ask technology analyst scott kessler. >> tom: and the comeback in housing could be a boon for truck sales. how u.s. automakers are getting ready for a pickup in pickup sales. >> susie: that and more tonight on "n.b.r." on early economic numbers as well as from the corporate corner. we'll have more on facebook and its big announcement coming up in a moment. over all, stocks were lower with investors reacting to some weakness we saw in u.s. manufacturing. buyers, though, were able to step in, with the blue chips moving higher. it was disappointment over the facebook announcement that led to more selling in textbook shares as apple's stock continued for the second day in a row. the dow industrials closing up 27 points, and the nasdaq lost six, with the s&p 500 rising almost two points. >> as tom mentioned, we got an early read on how american factors are doing. and it
chips moving higher. it was disappointment over the facebook announcement that led to more selling in textbook shares as apple's stock continued for the second day in a row. the dow industrials closing up 27 points, and the nasdaq lost six, with the s&p 500 rising almost two points. >> as tom mentioned, we got an early read on how american factors are doing. and it is not good. manufacturing contracted for the sixth straight month. and the federal reserve tallied the numbers and said the index for december was pressured by a drop i in new orders and shipment. and the conditions index fell to minus 7.8. clr in december. any reading below zero suggests contraction. economists were expecting a flat reading. some business watchers believe that weakness in manufacturing will continue. >> well, i think the weakness in manufacturing is a chronic weakness that has been going on for quarter after quarter, period after period, and the problem is the underlying competitiveness of the u.s. these data... this slow recovery is really a symptom of a deeper, underlying problem, and we have to get
facebook pictures were used to depict the -fictional irlfrienddon twitterhas told bc news she wasn't part of the hoaxx and never met manti te'o.diane oomeara says this man, ronaiah tuiasosopo, an acquaintance from high school, is behind tth ssheme."theepast five-years he's littrally been & stalking my facebook and stealinggmy photos."o'meara --3 said tuiasosopo caaled her, confessed and apologgzed.manti te'o and 'deadspin' ay tuiasosopo ii bbhind the hoax. cnn's soorce says notre dame's investigation haa confirmed & that he wws one of the people behind it.(stand up) "cnn has triee seveeal times to rrech responded. hii father titus, a on facebook, would not speak &pquote: "..the trutt wwll all come out... god knows ur -3 chhracter."te'o has denied being part of the hoax.i asked dezenhall about the couric inteeview."what would you do?" -3 "how'd he come across to youu" "yoo know there's a differenne between beinn young and foolish and being macciavellian and schemingg hh comes across as a guy who 3 now we don't know what the data-trail ii goong to sho
are looking for online and your friends will help you find it. we are talking about facebook's newest featured that was uni israeled today. we were at the launch and we are joined from facebook headquarte headquarters. mark zuckerberg rolled out the next big thing, i'm confused about it. explain. >> it's search. search has been lucrative here in silicon vail. google and twitder have proven that, facebook wants in on the action. today here at headquarters rolling out a search engine of its own to help you find things on the internet in a new way and while they are at it, maybe improving their bottom line. they call it graph search and unlike google that scours the internet for information, facebook entry scours facebook, so you can get information based on what your friends like and what they use. >> i need a plummer, i need a dentist, i need a doctor and normally we would ask our friends for that type of stuff. that is how we did things for hundreds of years and then came the search is engines and we stopped asking the friends and then started asking things that did not know us well. >> graph
people are ditching technology starting with facebook. and what other chances does a pilot have, catching a thief during a fly-by. ng a fly-by. the video going viral appears to be superman flying high over the beaches of southern california. and tourists stopped to take a look and this is run by road control and looks like a man of steel. the video got more than 150,000 hits. hits. there is no mass-produced human. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort individualized. queen mattresses start at just $699. and right now, save 50% on the final closeout of our silver limited edition bed. . >>> still trying to decide what changes to make in 2013, a growing number of people are making a resolution to spend less time on facebook. rob olson explains. >> and i am thinking about it, i'm mi
, facebook has a major announcement this week. why timing could be everything. plus, chemicals meant to prevent fires are causing more harm than good. and, we'll head to the trading floor with a pro and find out what keeps the financial industry in the pits. and a new problem surfaces for this year's wheat crop. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. on this monday, january 14th. i'm angela miles. in today's first look: it may be a trade-with-caution kind of a session. that's because federal reserve chairman ben bernanke delivers a speech right at the market close today at the university of michigan. he will be taking questions from reporters. the week starts with the s&p 500 still above 1470. stocks have now made gains two weeks in a row to in the new year. best buy was one of the top- performing stocks in the s&p friday. shares gained $2 after reporting holiday sales weren't as bad as traders thought. and blackberry is building a buzz over its new smartphone rolling out at the end of the month
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pulled off two major surprise events. concept trucks at ford, and facebook's latest twist on social media. good afternoon, everybody. i'm liz claman, the last hour of trading, and "countdown to the closing bell" begins right now. the big stories in a minute, first, the markets. a wishy washy day. the dow hit the highs of the session, okay, only 13 points. we'll take it at the moment. now it's 1516. as it climbs. the nasdaq is languishing, and part of that, of course, is apple. apple is the real drag on the nasdaq with the stock breaking decisively below the $500 a share level. this number here, 11 month lows, and earlier today, at 484, you know the story. apple suppliers cutting back on production due to weaker than anticipated iphone5 demand, and then on top of that, china, flashing estimates lowering targets to $530 to $600 a share. meantime, below all of that anyway. facebook reversed course. the stock down, been turning back and forth on a dime. now right around 1 p.m. eastern, selling picked up, facebook trading at session lows on pretty significant volume. some might say monster vol
does facebook have up its sleeve and will it live up to the hype? lori: urging new warnings on the debt ceiling. warning of a possible downgrade. would the u.s. lose its aaa rating? melissa: more than a quarter of workers are dipping into the 401(k) account early. lori: let's get you updated on the market as we do every 15 minutes. time to check with nicole petallides at the stock exchange. we do have losses. nicole: it depends if you are looking at the s&p 500, that would be the case. the dow jones industrials, not the case. we finished higher yesterday by 18 points on the dow. what we are looking at today is the same sort of sentiment where we are right near that sentiment. we actually moved into the green for the dow. some of the names that are weighing on the dow include hewlett and packard and american express. a lot of the financial names will be coming out. it traded as low as 483.80. $487..95 a share. some of the traders say under $500 looks good to them. others are saying by on this fullback. melissa: thank you so much. facebook mystery president taking off the headquarters. gu
at the new york stock exchange. hi, bill. >> how you doing, maria? i'm bill griffith. did facebook overpromise and underdeliver? now what we know what its big mystery announcement is, investors unimpressed. stock down on record volume today. >> this may be the day apple closes behind 500. it will be the first time that's happened in 11 months. herb greenberg is here on why he thinks he could get worse for apple. >> and the always colorful senator alan simpson is with us, no bigger advocate of getting america's debt and deficit under control, but does he think the debt ceiling is the leverage that republicans should use to get that done? he'll join us exclusively, and i know you're going to ask him about that. >> absolutely. >> let's check out the action on the street right here. here's how things are shaping up with less than an hour to go. the dow jones industrial average hitting basically at the highs of the day. had been down around 60 points earlier. talking about a gain of 20 points on the blue chip average. fractional move at 13,527. nasdaq chart pattern looks similar. take a
a button. >>> facebook is searching for the next big thing. what's missing from the social network giant could explain what it is going to unveil tomorrow. >>> and 49ers coach jim harbaugh steps up to the mic. but there's only one thing he wanted to talk about. >>> the promising news for weekend warriors and runners to fix those aching knees. >>> and the investigation into natalie wood's death take two. what a secret file reveals about the final moments of the star t starlet's life. >>> it's social media mystery that will be solved in less than 12 hours. facebook will address the hype and unveil something it's, quote, building. george kiriyama joins us from facebook headquarters in menlo park. do we know what it's building, george? >> reporter: jessica, we'll try to find out. will it be a new phone? a new search engine? there's a lot of speculation as to what facebook will announce tomorrow morning. tonight, we talk to facebook users to see what they want to see added or changed to the site. downtown palo alto is attracting customers with freshly-baked bread, dessert and coffee. but the
conversation on the abc 7 news facebook page. >> if you're tired of the cold snap, so, we all set? i've got two tickets to paradise! pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> sky 7 live over the mission district. the s.w.a.t. team and hostage he s.w.a.t. team and hostage suspect out of the home. >> this is the 20th avenue and anza street in richmond no. word on what the man did that brought police to his door, police say he barricaded himself inside and refused to come out. >> they're not saying if he is armed but nobody hasm$vmr been t at this point. >> moving on, san jose state ready to offer online courses for college credits. big announcement some say will be a game changer in education in california.  n. >> remember th
looks better than developed and procyclical stocks look better in general. >> we've got the facebook numbers out, guys. 17 cents a share is the number we're getting on revenue of $1.59 billion. the estimates called for a profit of 15 cents. 15 cents is the estimate and actually a beat of 17 cents a share for the actual. revenue coming in at 1.59 billion verse an estimate of 1.93 bill crop. want to get reaction now. julia boorstin digging through the numbers, she's going to let us know what she gets as she continues to look through this press release right out of facebook. what's your reaction to the facebook numbers? >> i would say honestly it's a pleasant surprise, a meaningful beat on the consensus number. my estimate was a bit below consensus. when you saw was facebook's ad revenues went from a million per day to 3 million per day at the end of the quart, a $1 billion annual run rate. i was skeptical as to whether they could continue through that acceleration through the fourth quarter, and what the numbers tell me they did. >> go ahead. >> i wanted to bring you some highlights of
: so much going on. including this, getting on the facebook bandwagon. raymond james, the firm making some positive comments ahead of the earnings report. we will talk to the analyst who made that call. coming up next in a first on fox business interview. stay here. don't move. she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immedi
or rat on his colleagues. forgiveness? after all that? and facebook reveals the mysteries moves eight hours from now, it had better be good. "varney & company" is about to begin. [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. >> a big story of the day is the power of the president. he's grabbing it and controlling guns is the issue. joe biden meeting house democrats, laying out the measures the white house wants with or without congress. reportedly there are 19 executive actions for the president to impose, unilaterally. issue an executive order in congress is bypassed. they reportedly include universal background checks, banning high capacity magazine chips and an assault weapons ban, all of that is possible. that's the federal level. at the state level, new york has a
, but thanks to facebook, one community said it's now fitting in. >> the bay area supporters are claiming victory, but is a gay boy scott closer to receiving eagle scout status. the controversy between sexuality and the scout. >> rz as of tonight alyssa burns's death certificate will say pending. an autopsy was done on the petaluma teen today, but a family friend said that preliminary test results were inconclusive and it would be weeks before we know how she died. the 19-year-old got lost in south lake tahoe after leaving the music festival and was found dead in a snow bank days later. the family is asking friends and the public to wear pink to the memorial service. >> progress in a high profile story. a gay teen from the east bay has been recommended for the rank of eagle scout. there is a catch. last october he was denied eagle scout status by the troop leader because he is openly gay. his mother launched an online petition demanding fairness. his story gained attention when he was a guest on the talk show, right here on nbc bay area. there is word that a san francisco review board for
viewers from our facebook - foo45 news at 5.toobecome a fan just go to our faaebook - page... facebook dot com ssaah foobbltimooe. p3 coming uu on the early & edition... pfficials in ballimore county are responding to the rash off -recent sshool shootings. &pthe new technooogy and the --3 battle plan for teacheer. 3 3 p(break 1)) &(bump in)) 3 ((2-shot ttss to weatter)) ((ad lib meteorologist)) 3 ((trrffic reportee d libs)) map 75 mapp40 maa 3 llberty map &p3 &&p3--3 3 -3 3 coming up... balttmore county officcals have are hammering out waassto ake schools safer. safer. the pricetag for ll of thoss upgrrdes..- 3 theeman whh allegeely 3 peeforrance enhanccnggdrugs is 3 mitch ross says his system -3 helped ray llwis. 3 33&pin the wake of local and national school shootings... offiiials innballimoreecounty are taking big sstps to booot plan iicludds seveeal million techhology... and training ffr teachhrs. teaccers. (cover witt file vid froo -33 perry hall shooting) 22:25:44 "well on monday, august 27tt,, the very first ddy
, and create more jobs. >> tom: i'm tom hudson. facebook's latest earnings beat the street, but while the company saw big gains in mobile ad sales, it's costs also shot up. >> susie: and rim, rolls out the new blackberry 10, a new name, and a new ticker symbol, we look at what's riding on all those bold moves. >> tom: that and more tonight on "n.b.r."! >> susie: the federal reserve said the economy "paused" in recent months, so it's keeping its key interest rate near zero. the decision from policymakers today came on a day of mixed reports about the u.s. economy. on the jobs front, a strong payrolls report showed private employers added 192,000 jobs in january, much more than economiste eecxpd. but the commerce department said economic growth, contracted in the last three months of 2012. the g.d.p. shrank by 0.1% the first time that's happened since the financial crisis began. the fed said in its policy tatement today that it continues to see "downside risks" to the economy. unemployment is still "elevated". but household and business spending advanced. >> susie: darren gersh begins o
in facebook's fourth quarter earnings report. the highlights, strong growth in the company's fledgeling mobile business. julia boorstin breaks down the number pes. >> facebook beat on the top and bottom line, reporting earnings per share of 2 cents more than expected on 40% revenue of a year ago. ceo mark zuckerberg kicked off the earnings call by talking about mobile saying for the first time more people use facebook on mobile devices every day than use facebook on the desktop. but he acknowledged that the shift to mobile has been challenging saying it's facebook's biggest opportunity. mobile monthly users grew 57% in the quarter to 680 million people while mobile ads are now responsible for 2% of facebook's total ad revenue. despite the beat, shares plummeted, rebounding to a few percentage points lower. perhaps the disappointment was because investors expected a bigger beat or were hoping to see more mobile revenue. zuckerberg moderated expectations on the call talking about ads being at the core of facebook's business for quite a while. but he did say facebook will continue to invest heavi
switched. received ray mar then struck the fender system barrier around the e tower. >>> facebook invited media from around the world to its headquarters to announce a new product. janine with inside facebook headquarters and joins us live now. janiece. >> we're here in the facebook parking lot where a news conference just ended. national media was out here to cover that. he came out with a big smile on his face and introduced what he called the coolest thing we've done in a while. no broadcast video cameras were allowed inside showing graph search. this is an improved search function that allowed you to search for content that has been shared with you. facebook users can do a we arey that allows them to find specific content. so for in friends who like star wars and harry potter, all of your friends who like those would pop up. if you're searching for restaurants in san francisco liked by friends, a list of restaurants would come as well as its address and that restaurant's rating. the same applies if you want to search for photos taken before 1985 all would show up. we attended the -- w
will be rerouted as well. >> coming up, we've our hands on the new facebook search tool and show you how it works next. >> and get ready for the first time in year the maf rick competition is a go. >> and good afternoon, i'm jeff in the nbc bay yar weather center, spectacular afternoon, temperatures warming up to the 66 and 62 in gilroy, for tomorrow, plenty of sunshine and calm winds, spare the air alert in effect. with some of the worst air quality in the north bay and east bay, i'm back with possible 70s in the seven-day forecast coming up. following developing news. several americans are believed to be among the 41 people taken hostage by militants in algeria, they are saying that they attacked because -- leaders are working together to figure out how to respond. >> out going defense secretary, leon pa nnetta stopped in rome d while there he asked the pope to pray for him. >>> two people are dead in central london this morning after a helicopter crashed right in the middle of the morning rush hour. scotland yard said the helicopter hit a construction crane in the fog and then burst into flame
facebook stock suddenly surges. is that a sign to buy or sell? in today's cover story, a bumpy stretch for boeing. how the dreamliner mishaps will affect the jet maker in the long run. switching gears at the consumer electronics show - why automakers are stealing the spotlight. plus, oscar nominees come out today. our critic's predictions on who will score big with the academy this year. and, stocks one wall street firm calls sure bets. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, january 10th. i'm angela miles. in today's first look: snap back: after two sessions of selling, stocks rallied wednesday on the heels of better-than-expected earnings from monsanto and alcoa. investors are liking facebook. the stock surged above $30 wednesday on word the company will reveal a mystery product next tuesday. that's the highest its been since july, but still below the $38 ipo price. and, labor secretary hilda solis is resigning from her position with the obama administation. stocks made a comeback. jared levy of zack
to behave nicely and we actually have seen data that when you take facebook and you take comments and import it to other sielts because it's facebook the amount of trooling go down and the amount of real and authentic comments go up and it's awesome and where we start from. the second thing i was going to point out we have a way that anybody and everybody can report contents that they find harassing on any page, and they can come right to us, but we've invented this thing, which is not the most brilliant invention but working well and the social resolution way to solve bullying and other harassing content, so we created a flow where you could say "hey, i don't like that piece of content" and instead of reporting to facebook ink and we have 3,000 people but we don't understand the context of everything going on. you can report to a family or friend or somebody off the site. >> in the context -- >> in the context of the behavior itself. we have seen the reports go down. the closing of the reports go up and when we surveyed the people both the person reported and the person reporting -- no
remains in focus. it is earning season. let's take a look at facebook. it is up about three quarters of 1%. it certainly has gained over the last half hour. we are getting closer and closer to the launch time. come and see what we are building. there is speculation that remains. the anticipation remains. dagen: trying to strategize on how to rein in government spending. connell: rich edson with all the details. rich: a very busy legislative day. they are dealing with this handy appropriation bill. republicans are discussing a number of different options. there is a major house republicans of that. their annual retreat takes place on wednesday. >> when does this budget balance? here is when the budget gets to balance if we adhere to these cuts. rich: republicans trying to figure out their opening position on the debt ceiling. democrats and the white house have already come out with theirs. president obama saying that he is not negotiating it. he says he is willing to talk about deficit reduction, perhaps modest reduction to healthcare spending. as long as it comes with curbing loopholes an
. plenty more ahead as "the factor" moves along. is facebook making americans unhappy? new study says that could be the case, but there are some who don't believe it. then actors celebrating the 40th anniversary of roe v wade in a very bizarre way. wait until you hear this guy. laura ingraham will hear what he says. pretty bloody. we hope you stay >> bill: in the are we crazy segment tonight, more controversy on the net. as you may know, we're very concerned about the impact of the internet on american society and a new study conducted by two german universities found that one in three people, 33%, feel worse about themselves after visiting facebook. envy, loneliness, frustration were cited in the study. joining us from los angeles, dr. wendy wash a human behavior expert. and from san diego, dr. bonnie forest. the impact of facebook, and i must tell the audience that i'm coming at this from total ignorance. i don't know facebook. i'm afraid of twitter. i think these people are going to take over the world. but facebook, let's stay at facebook 'cause all over the world i guess there ar
shared us this photo on facebook with her parents and nieces. you can tell they love the 49ers, show us your fan photos and videos. e-mail them to mornings@cbs5.com. we might share them on the show. >>> 49ers jim harbaugh and colin kaepernick are joining the long list of being on sports illustrated. mike sugerman tells us about the curse. an honor and a curse? >> he should be concerned that he is on the cover of the sports illustrated magazine. >> reporter: throughout their 60-year history, cover boys and girls have had trouble following their moment of fame. the milwaukee braves was on the first cover and immediately the team broke a nine-game winning streak later breaking his hand. tim tebow went on a three-game losing streak right afterwards. jake cutler's cover, the injure rhode island the niners made it and lost their championship game against the giants. some did a study and found that almost 30% of the time the cover brings bad luck. it means that you made it and that kind of stuff could go to your head and make you nervous. then they screw
of media, entertainment and consumer technology. it was an early investor in facebook. i'm pleased to have roger mcnamee at this table for the first time. welcome. >> a great honor to be here. >> rose: we've known each other about 25 years. >> long time. when you were here or someone like you is here, not like you sour whole goal is to say cast a light on the future for us. because you are having to do that because that's your business, to understand the future. >> i call it realtime anthropology and the notion is that you're looking at the world as it is today and understanding how technology both will influence it but more imrtantly how we will influence the technology. and the thing that's so exciting about this moment is that for the first time technology is not just available to governments, not just available to businesses but the real power is in the hands of the consumer. and if there's a democratizing force that's begun to percolate out of silicon valley, it's brand new. i think of it this way, marl marx used to talk about the fact that the owners of capital controlled everything
for the chinese new year's parade in february. >> new video of facebook's new search feature. >> it allows users to search social connections for information about which friends share interests. it will help users who want to scroll through fotors friends have taken let's say in paris or search for tv shows. the ceo says the searc]qn feature is privacy aware, meaning users can only search for content that has been shared with them. today's unveiling in menlo park will have more on how grass search works coming up at 5:00. >> registration started today for online course that's some people say could be a game changer for higher education. >> abc 7 news is at san jose state university. governor brown is praising the university's efforts. >> happening now, san jose state launches a pilot program to offer online courses for credits. governor brown on hand for official announcements. the goal toin crease access to higher education and reduce costs. san jose state partnered with the silicon valley start up called udacity two. math and one statistics class, each costing $150. the governor says online ed
the tech sector, solid earnings and revenues from facebook. but despite the strong numbers that came out after the market close, facebook shares tumbled as much as 5% in after hours, then rebounded slightly. facebook earned $0.17 a share in the fourth quarter, $0.02 more than analyst estimates. revenues also came in better than expected: up 41% to $1.59 billion, thanks to stronger ad sales on cell phones. >> susie: joining us with more analysis on those facebook numbers, michael pachter, research analyst at wedbush securities. >> susie: so, michael, you've had time now to analyze the numbers, you listened in on the conference call. what's your take on facebook, how it's doing and the outlook? >> they did everything right except they continued to plan to spend a lot of money. and i think that investors have bid up the share price in recent weeks because they expected that the rate of spending growth would slow, and that you would start to see some leverage from the revenue growth. and it doesn't look like we're going to get very much of that next year. >> susie: a lot of people were sayin
used for facebook picture of her smiling to say that oh, she can't be that hurt is she smiling. not asking if it was before the accident. so people might think or know enough not to have drunken photos of himself on facebook. but it's often when you wouldn't think of it. holding a glass of wine at a wedding, for example. some employers have turned down job applicants because they have a picture with a glass of wine in it. and you have things like people who are young and wearing gang colors and any hipster could wear all black. so i don't think we understand how this could be problematic. the woman who loses a potential job because she has a picture on facebook of her child. yes, twitter, youtube -- you're talking to the larger population. but sometimes it sneaks up on you. >> i would like to get more of a dialogue going. so often in the united states we are looking at these book and twitter. we will see it as trivial. but could you talk about social media and looking how the constitution is involved and. so for instance, directly the air of spring involvement. talk about why t
that conversation on facebook.com. >>> all lanes are opening on northbound interstate 880 in san jose. a crash last night just before ten caused a massive backup for more than 3 1/2 hours. three lanes were blocked. you can see what happened after that. the chp had to actually issue a special advisory to avoid the area. lanes were not fully cleared until 1:30 this morning. officers are still trying to determine what caused the crash. >>> part of 101 in san jose was also shut down after a pedestrian was hit and killed on the freeway. it happened in the northbound lane just about 7:30 last night. there was no disabled vehicle near where that pedestrian was hit. officers shut down three northbound lanes to investigate, causing a backup in that area. that reopened around 1:00 this morning. >>> two elderly people have died in the north bay following a severe outbreak of noro virus. more than 60 others have come town with the bug, which is often referred to as the stack flu. it's happening at the redwood retirement community in mill valley. more from our reporter. >>> these signs warn of a noro virus outb
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